L.A. Asking Prices Flat at $540K Over Past Week; Inventory Inches Up
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Asking prices in greater L.A. held steady over the last week, according to Housing Tracker’s analysis of MLS listings, which we monitor here every week. Housing Tracker shows the median asking price holding at $540,000 this week. Inventory inched higher again, with an additional 308 homes listed, and now 40,766 are on the market.
More on the numbers: The $540,000 median asking price represents a drop of 6.7% over the last year, and 0.9% over the last month. Inventory of 40,766 represents a gain of 6.4% in the last month and 20.4% over the last year.
Date Median Price Inventory
4/16 $545,000 35,489
4/23 $545,000 36,348
4/30 $545,000 37,338
5/07 $545,000 37,511
5/14 $545,000 38,297
5/21 $545,000 39,100
5/28 $540,000 39,941 (up 24.6% y/y)
6/4 $540,000 40,458 (up 23.3% y/y)
6/11 $540,000 40,766 (up 20.4% y/y)
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Photo Credit: Reuters